Goldman Sachs Group Inc. cut its holdings in shares of Aqua America, Inc. (NYSE:WTR) by 8.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 692,386 shares of the utilities provider’s stock after selling 63,102 shares during the period. Goldman Sachs Group Inc. owned approximately 0.39% of Aqua America worth $23,056,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Investment Centers of America Inc. grew its position in shares of Aqua America by 0.4% during the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after acquiring an additional 27 shares during the period. CAPROCK Group Inc. grew its position in shares of Aqua America by 0.4% during the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 30 shares during the period. CENTRAL TRUST Co grew its position in shares of Aqua America by 0.7% during the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 71 shares during the period. Utah Retirement Systems grew its position in shares of Aqua America by 0.3% during the 1st quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock valued at $1,039,000 after acquiring an additional 100 shares during the period. Finally, NEXT Financial Group Inc grew its position in shares of Aqua America by 2.3% during the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 51.02% of the company’s stock.
Shares of Aqua America, Inc. (WTR) opened at 34.90 on Friday. Aqua America, Inc. has a 12-month low of $28.03 and a 12-month high of $35.00. The firm has a market capitalization of $6.20 billion, a PE ratio of 26.64 and a beta of 0.54. The company has a 50-day moving average price of $33.87 and a 200 day moving average price of $33.18.
Aqua America (NYSE:WTR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. During the same period last year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that Aqua America, Inc. will post $1.36 earnings per share for the current year.
WTR has been the topic of a number of analyst reports. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Aqua America in a research report on Friday, August 25th. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Finally, Barclays PLC raised their target price on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Aqua America currently has a consensus rating of “Buy” and a consensus target price of $36.00.
In other news, insider Robert A. Rubin sold 12,499 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.
Aqua America Profile
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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